ING Groep CFO Timmermans Happy With Results

The CFO of ING discusses the company's strong fourth quarter performance, highlighting customer growth and financial results. Despite cost pressures, ING aims to reduce its cost-income ratio through strategic investments. The company plans to maintain its dividend strategy while adapting to Basel agreements. ING is cautious about certain market segments but sees potential in blockchain technology. The CFO addresses analyst expectations, noting better-than-expected commercial momentum.

What was the total number of new customers ING gained in the fourth quarter?

• 750,000

• 1,000,000

• 100,000

• 500,000

What is the target cost-income ratio ING aims to achieve in the longer term?

• 60-62%

• 50-52%

• 45-47%

• 55-57%

What is one of the reasons for the higher cost-income ratio in the fourth quarter?

• Increase in regulatory costs

• Decrease in customer base

• Lower profit margins

• Reduction in net loans

How does ING plan to manage its capital requirements under Basel IV?

• By increasing risk-weighted assets by 30%

• By halting all investments

• By reducing dividends

• By maintaining current growth and dividend allocation

What is ING's approach to blockchain technology?

• They are not interested in blockchain

• They plan to develop their own cryptocurrency

• They are waiting for more regulatory clarity

• They are using it for agricultural contracts and trade finance

Which market does ING express caution about due to high valuations?

• European housing market

• US real estate finance market

• Asian tech market

• South American commodities market

What is the expected growth rate of the European economy according to the CFO?

• 2.0%

• 3.0%

• 2.4%

• 1.5%